While the Jets managed to restructure Aaron Rodgers’s massive contract in signing him, the franchise will now be obligated to pay him more than $100 million in 2024.
The four-time MVP and the Packers converted a $58.3 million option bonus for 2023 into a base salary in ’24 before Rodgers was traded. As a result, Rodgers will earn a base salary of $1.165 million in the upcoming season according to ESPN’s Dan Graziano.
But in ’24, the compensation for the 39-year-old will rise to $107.55 million, which includes his $47 million option bonus, his $1.21 million base salary and the converted $58.3 million bonus option from 2023. However, once New York applies the option bonus throughout his contract, the franchise will have the ability to navigate the cap hit by exercising it throughout his contract, which runs through ’27.